KARACHI: K-Electric and National Industrial Park (NIP) on Wednesday signed an MoU to ensure meeting electricity demands at Bin Qasim Industrial Park (BQIP).
Under the MoU, KE will immediately start work on laying four 11KV feeder lines of 4-4.5 MW for the industrial units under construction and will ensure supply of needed electricity before they go into full production.
A statement said that the current government is focusing on creating enabling environment for the businesses to grow and contribute in the economic development in the country.
Special drive has been started by the Prime Minister’s Advisor on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood to address the chronic issues in the Industrial Zones of the country so that the business could grow and flourish in these zones.
Bin Qasim Industrial Park (BQIP) is a 950 Acre Special Economic Zone situated on the Pakistan Steel land.
It is a project of National industrial Parks Development and Management Company, a wholly-owned entity of Ministry of Industries & Production, Government of Pakistan. Currently, BQIP has only one 11KV feeder line of 4MW load capacity coming from K-Electric Pinri Grid station, which is currently unable to cater the needs of growing number of industrial units.
Lately, four of the zone enterprises which are expected to come into full production capacity in the next 2-3 months showed their serious concerns on the inability of the Special Economic Zone to fulfill their immediate electricity needs of approximately 17MW.
At the direction of the Advisor, Mr. Dawood KE authorities were engaged to find an immediate solution. NIP and KE have jointly come up with a short and long-term solutions to meet the electricity needs of the BQIP (SEZ) enterprises.
Investors of the zone enterprises were also present at the signing ceremony and expressed their profound gratitude to Razak Dawood for his timely intervention and support to make it happen as it’s in larger interest of the country.
They viewed that such measures are expected to attract more investment in the industrial Zones of the country.